BNB Chain launches $100M liquidity program
Only projects with at least a $5 million market cap and $1 million in daily trading volume are eligible, BNB Chain said, as the network seeks to boost CEX liquidity for native projects.
BNB Chain (BNB) has launched a $100 million program designed to bootstrap liquidity for its native projects on centralized exchanges (CEXs).
The network is allocating $100 million in incentives, primarily in the form of its native BNB tokens, to projects that successfully list on any of 11 major CEXs specified by BNB Chain, according to a March 24 announcement.
The program aims to “further enhance BNB Chain’s ecosystem liquidity and foster project growth by incentivizing exchanges to list native BNB Chain tokens,” the chain said in the statement.
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Author: Alex O’Donnell
